The Bank of Japan held a Monetary Policy Meeting on the 18th and raised the policy rate from around 1.0% to around 1.25%. This marked a 31-year high, with the move coming three months after the previous hike.
At its Monetary Policy Meeting on the 18th, the Bank of Japan decided to raise the policy rate from its current level of around 1.0% to around 1.25%. This will bring the rate to its highest level in 31 years.
The previous hike was in June, making the three-month interval the shortest since Governor Ueda Kazuo (植田和男) took office. The article does not discuss the subsequent impact or the outlook.